Archive for May, 2006

IG Group chief executive steps down for mid-life break

May 27, 2006guidfarr No Comments »

Tweet Nat le Roux is stepping down as chief executive of spread betting company IG Group to “do something completely different”. Tim Howkins, the finance director, becomes the new chief executive. Mr Le Roux, 49, will remain on the board as non-executive deputy chairman and do some consultancy work for IG one day a week […]

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Volatile market conditions force CMC to pull float

May 26, 2006guidfarr No Comments »

Tweet The £800m flotation of CMC Markets was shelved at the 11th hour last night as the online financial trading group became the latest company to pull its float due to stock market turbulence. The company, which specialises in contracts for difference (CFDs) for retail investors, had been due to price its initial public offering […]

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Share spread betting on the rise

May 23, 2006guidfarr No Comments »

Tweet Record numbers of people are putting their money into share spread betting, according to Angus Campbell, head of sales and marketing at spread betters Finspreads. The recent volatile stock market has resulted in an upturn in traders trying to profit through the method of low-cost gambling on stock price movement. Last Thursday’s close of […]

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Entrepreneur cleared of market abuse

May 18, 2006guidfarr No Comments »

Tweet Paul Davidson, the former pipe-fitter turned entrepreneur known as The Plumber, emerged triumphant from his long legal battle with the Financial Services Authority when a tribunal yesterday cleared him of market abuse. Mr Davidson had challenged the FSA’s decision to fine him £750,000 as a result of the events surrounding the flotation of a […]

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CMC float set to bag £80m

May 16, 2006guidfarr No Comments »

Tweet James Quinn meets a man whose family will net the thick end of £260m but who will stay at CMC’s helm. Peter Cruddas is a man on a mission. One that is by no means complete. Having set up online financial trading firm CMC Markets in 1989 with just £10,000, and, despite his 52 […]

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